Milling & Baking News - September 16, 2014 - 8

Late News 

WEEK OF SEPTEMBER 16

Continued from Page 1

The U.S.D.A. lowered
its forecast for the 2015
soft red winter wheat
carryover to 191 million
bus, down 5 million bus
from the August outlook.
With no new production
data expected until Sept.
30, the adjustment
from August reflected
a 5-million-bu hike in
forecast 2014-15 exports
to 145 million bus.

Commonwealth University
Brand Center. It is the second
major addition
to the marketing
department at
General Mills in
recent months.
In August, the
company hired
former Miller- Fanuele
Coors marketer
Jackie Woodward for the newly
created position of vice-president of global media.

U.S. 2015 wheat
carryover up 5%
KANSAS CITY - Carryover of
wheat in the United States on
June 1, 2015, was projected at
698 million bus, up 35 million
bus, or 5%, from the August
projection and up 108 million
bus, or 18%, from 590 million
bus on June 1, 2014, the U.S. Department of Agriculture said in
its Sept. 11 World Agricultural
Supply and Demand Estimates.
Corn carryover on Sept. 1, 2015,
was projected at 2,002 million
bus, up 194 million bus, or 11%,
from August and up 821 million
bus, or 70%, from 1,181 million
bus estimated for the current
year. Carryover of soybeans on
Sept. 1, 2015, was projected at
475 million bus, up 45 million
bus, or 10%, from August and
up 345 million bus, or 265%,
from 130 million bus in 2014.

Corn crop seen up 3%
from August

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8 / September 16, 2014 Milling & Baking News

KANSAS CITY - U.S. 2014
corn production was forecast at
14,395 million bus, up 3% from
both August and from a year
earlier, the U.S. Department of
Agriculture said in its Sept. 11
Crop Production report. Average corn yield based on Sept. 1
conditions was forecast at 171.7
bus an acre, up 4.3 bus from August and up 12.9 bus from 2013.
The 2014 U.S. soybean crop was
forecast at 3,913 million bus, up
3% from August and up 19%
from last year. Average soybean
yield was forecast at 46.6 bus

an acre, up 1.2 bus from August and up 3.3 bus from 2013.
U.S.D.A. forecasts for corn and
soybean production and average yields all were record highs
and were above average trade
expectations of 14,310 million
bus for corn and 3,882 million
bus for soybeans. Nearby corn
and soybean futures fell to fresh
four-year lows after the report.

Bakers join chorus on
rail service worries
WASHINGTON - A congressional bill aimed at strengthening the Surface Transportation Board's ability to address
concerns about worsening rail
service (see story on Page 36)
has gained support from the
American Bakers Association.
In a Sept. 10 statement, the
A.B.A. said it was "highly concerned about the ongoing crisis
in the northern wheat states"
created by the severe lag in rail
shipments of grains, including
wheat. Robb MacKie, president and chief executive officer
of the A.B.A., said some bakers
have been forced to curtail production because of "massive
shipping inefficiencies." "The
entire grain chain is bearing
the brunt of this problem," said
Cory Martin, director of government relations at the A.B.A.
Mr. Martin emphasized the importance of ensuring adequate
flour supplies for bakers, especially during the approaching
winter months.

Kellogg investing
in Muncy, Pa.
MUNCY, PA. - Kellogg Co.
announced it will invest $15
million at its site in Muncy
to expand and add a robotic
packing line to serve the company's club store customers.
The facility makes grain-based
convenience foods, including
Pop-Tarts. Kellogg received
a funding proposal from the
Pennsylvania Department of
Community and Economic Development, including $140,000
in guaranteed free training. MBN
bakingbusiness.com / world-grain.com

http://www.mennel.com http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - September 16, 2014

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